polymetallic

Aurcana Corporation Announces Court Approval of Restructuring Transaction

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http://www.aurcana.com/news/2015/index.php?&content_id=385

Vancouver, BC, November 16, 2015 – Aurcana Corporation (TSX VENTURE:AUN) (the “Company” or “Aurcana”) announces that on Friday, November 13, 2015, the Ontario Superior Court of Justice (the “Court”) approved the restructuring transaction previously announced by the Company on October 16, 2015 (the “Restructuring Transaction”) under which all of the Company’s debt obligations to Orion Mine Finance (Master) Fund I L.P. (the “Lender”), as lender under the Company’s amended and restated senior secured credit facility dated April 29, 2014 (the “Facility”), will be extinguished pursuant to proceedings under the Canada Business Corporations Act (the “CBCA Proceedings”) commenced and announced by the Company on October 30, 2015.

 

MAG Silver Reports Third Quarter Financial Results

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/974-tsx/mag/13674-mag-silver-reports-third-quarter-financial-results.html

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov. 13, 2015) – MAG Silver Corp. (TSX:MAG)(NYSE MKT:MVG) (“MAG” or the “Company”) announces the Company’s unaudited financial results for the three and nine months ended September 30, 2015. For complete details of the third quarter unaudited Condensed Interim Consolidated Financial Statements and related Management’s Discussion and Analysis, please see the Company’s filings on SEDAR (www.sedar.com) or on EDGAR (www.sec.gov). All amounts herein are reported in United States dollars (“US$”) unless otherwise specified.

Santacruz Silver Closes Third and Final Tranche of Non-Brokered Private Placement

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http://www.santacruzsilver.com/s/news_releases.asp?ReportID=730074

VANCOUVER, B.C – November 12, 2015 – Santacruz Silver Mining Ltd. (TSXV:SCZ) (OTCQX: SZSMF) (“Santacruz Silver” or the “Company”) is pleased to announce that it has closed the third and final tranche of its previously announced non-brokered private placement (the “Private Placement”).

In connection with the closing of this final tranche of the Private Placement, the Company has issued 1,076,000 common shares at a price of $0.13 per common share for gross consideration of C$139,880.00.

The common shares issued pursuant to the Private Placement are subject to a hold period expiring on March 13, 2016. 

Sierra Metals Reports Third Quarter Results

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/963-tsx/smt/13563-sierra-metals-reports-third-quarter-results.html

TORONTO, Nov. 11, 2015 /CNW/ – Sierra Metals Inc. (TSX:SMT)(BVL:SMT) (“Sierra Metals” or the “Company”) today reported revenue of $28.4 million and an adjusted EBITDA of $2.0 million on throughput of 452,082 tonnes and 2.4 million silver equivalent ounces or 16.2 million copper equivalent pounds for Q3 2015. The Company continues to be a low cost producer, maintaining its low operating costs again this quarter.

Santacruz Silver Reports Third Quarter 2015 Financial Results

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/569-tsx-venture/scz/13553-santacruz-silver-reports-third-quarter-2015-financial-results.html

VANCOUVER, Nov. 11, 2015 /CNW/ –Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the “Company” or “Santacruz”) announces the financial and operating results for the third quarter of 2015.  The full version of the financial statements and accompanying management discussion and analysis can be viewed on the Company’s website at www.santacruzsilver.com or on SEDAR at www.sedar.com.  All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in US dollars unless otherwise indicated.

Silver Spruce Finalizes Purchase Agreement for Pino de Plata Property

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1140-tsx-venture/sse/13475-silver-spruce-finalizes-purchase-agreement-for-pino-de-plata-property.html

BRIDGEWATER, NOVA SCOTIA–(Marketwired – Nov. 10, 2015) – Silver Spruce Resources Inc. (TSX VENTURE:SSE)(FRANKFURT:S6Q) (“Silver Spruce” or the “Company”) wishes to announce that, as contemplated in its news releases dated June 18, 2015 and based on the results of its maiden NI 43-101 exploration report, the Company has finalized a Purchase Agreement for the Pino de Plata epithermal silver/base metal/gold property located in the Sierra Madre Occidental gold/silver belt in western Chihuahua state, Mexico. The NI 43-101 report was filed on SEDAR and summarized in a news release dated August 12, 2015.

Fortuna reports consolidated financial results for the third quarter 2015

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Click to access article_11092015190856.pdf

Vancouver, November 9, 2015: Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) today reported sales of $39.0 million and net income of $2.6 million in the third quarter of 2015.       Jorge A. Ganoza, President and CEO, commented, “Our operation at San Jose continues to outperform, enabling the company to sustain positive financial results amidst an extremely challenging metal price environment.  Our teams continue to focus on running our operations efficiently, optimizing mine plans and increasing margins per tonne.” Mr. Ganoza added, “With the commissioning of the San Jose expansion to 3,000 tpd in mid-2016, the company will further improve its operating margins and cash flow generation.”

World’s biggest zinc producer exploring total exit from mining

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http://www.mining.com/worlds-biggest-zinc-producer-exploring-total-exit-from-mining/?utm_source=digest-en-mining-151109&utm_medium=email&utm_campaign=digest

Debt-laden European zinc producer Nyrstar (EBR:NYR) said Monday it plans to raise up to $296 million (€275m) through a share offering to pay down debt and has appointed bankers to explore a total exit from mining.

The Belgian company, which is the world’s No.1 zinc producer, laid out a package of measures it is putting in place to try repaying a $447 million bond that matures in 2016 and also address ongoing problems with it mining división.

The company has already suspended operations at its Mexico’s Campo Morado and Canada’s Myra Falls mines.